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percent, the highest level since 1992, government figures showed last week. The job losses of 3.57 million since the US recession began in December 2007 marks the nation's biggest employment slump of any economic contraction in the post World War II era.The jobs situation has really upset a lot Christian Louboutin Scarpe of people, Silvia said. Consumers aren't going to turn around and spend all the money they may get from tax Christian Louboutin Scarpe cuts under the stimulus plan.Latin AmericaIn Latin America, confidence plunged to 10.4 in February from 16.1 percent last month as the global crisis spread beyond commodity exports.Brazil, the region's biggest economy, lost a record 655,000 jobs in December Christian Louboutin Italia as companies slashed production by the most in at least 17 years. Mexico, which depends on the US to buy 80 percent of its exports, may enter a recession this year for the first time since 2001, the central bank said Jan 27.With credit having shrunk, and five of the region's seven currencies down by more than 10 percent since September, Morgan Stanley expects economic growth in the region to contract 0.4 percent this year and the jobless rate may rise for the first time since 2003, according to the United Nations.Domestic demand has also lost momentum and now is contracting very fast, said Rodrigo Valdes, chief Latin American economist for Barclays Capital. That's caught many people by surprise.German survey respondents were among the few groups that were less pessimistic. The index for Germany rose to 14 from 13.2.German business confidence unexpectedly climbed for the first time in eight months in January after the government doubled its economic stimulus package, Ifo data show.Respondents in Western Europe still expect short-term and central bank interest rates to fall further, the survey showed.The European Central Bank kept interest rates unchanged last week after cutting its main refinancing rate by a total of 225 basis points since early October to 2 percent.
218.78.55029.58.616.110.48.49.18.211.6Confidence in the world economy waned in February as stimulu
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